2007 Dodge Charger SRT8 Long-Term Road Test
Edmunds.com
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You might think you know the story of what we bought and why we bought it. But for transparency's sake (and to ward off any future WikiLeaks scandals of lost/stolen/released Edmunds emails), we're going to share with you the previously untold backstory of buying our used 2007 Dodge Charger SRT8.
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WTF? Do you know how insane that is? You bought an older car (8 years old) for $23k, put on 14,000 miles and sold it for $12,000 LESS? An 8 year old car shouldn't lose HALF of it's value in a year. This was pretty much the definition of how NOT to Buy and Sell a car. You just paid $1,000 per month for the right to drive (and upgrade and fix) an older, out of warranty car.
I haven't researched it, but my guess is that you could've looked and bought the car for well under $20,000 (meaning you gave the dealer a HUGE profit) and sold it for probably $17,000. I mean, that AA/Carplay stereo alone was a $1k upgrade.
Your costs are defined when you buy and sell. If you can't find or negotiate a great deal, maybe you should rethink your plan. I'm sure you could've leased a new Charger for less than half that monthly (maybe 1/3rd depending on model).
Reading the review I was constantly thinking the same thing you put in the Bottom Line: A Charger R/T would have delivered some of the same experience at lower cost while using much less gas. You would have gotten fewer reactions out on the street and missed out on a couple burnout opportunities but you still would have had a pretty fast car.
Just for fun, here is a 2012 with 98k on the clock for $22,100 --> http://tinyurl.com/gl46v85